Market Overview

No More Gogo For This Week's Momo

Share:
Related SPY
Attention Investors: Watch Housing, Volatility And Semiconductor ETFs
What ETF Is Winning From China's Small-Cap Frenzy?
Futures marginally lower to start short week (Seeking Alpha)
Related LNKD
LinkedIn Presented At The JP Morgan Conference; Here's What Happened
What A Difference A Second Makes: Are Markets Prepared For Leap Second?

 


Markets are experiencing a late day sell off as traders have seemingly dissappeared from their desks. Thursday's USA World Cup game drew traders away from their terminals and most likely convinced many that an early weekend this week would be ideal. On this Friday afternoon, it seems the low volatility, low volume, and never-ending upward march of equity markets has convinced many to enjoy a three day weekend ahead of what will already be a shortened week.


The afternoon breakdown started in Copper futures at 1PM EST (Benzinga Pro users were alerted in Real-Time), nearly on the dot, then the selling made it's way into Gold and Silver before tripping the stop-loss algo's which subsequently drove down the broader-based US equity futures.


Copper:


Gold:


Silver:


S&P 500 E-Mini Futures:


CBOE Volatility Index:


Linked-In (NYSE: LNKD)


Alcoa (NYSE: AA):

Posted-In: News Intraday Update

 

Related Articles (AA + LNKD)

Around the Web, We're Loving...

Get Benzinga's Newsletters